Benzinga·2026-01-02 08:54Core Viewpoint - Etsy Inc. is experiencing a resurgence in momentum after a prolonged period of stagnation, as indicated by its improved Momentum score, suggesting potential for growth in the upcoming year [1][3]. Group 1: Momentum Score - Etsy's Momentum score has increased significantly from 32.82 to 47.16 within a week, indicating a positive shift in market sentiment [3]. - The stock is currently positioned within its 52-week range and is trending upward, suggesting a phase of consolidation or indecision in the market after a period of modest returns [3]. Group 2: Share Repurchase Program - The recent announcement of a $750 million share repurchase program, in addition to $200 million in pending authorizations, has contributed to the stock's momentum [4]. - On a recent trading day, Etsy's shares closed at $55.44, reflecting a slight increase of 0.14%, with an additional overnight gain of 0.69% [4]. Group 3: Performance Comparison - Despite the recent uptick, Etsy's stock has underperformed compared to peers and benchmarks over the past couple of years, with only a 4.39% increase in share price last year [1]. - The stock's performance on Momentum in Benzinga's Edge Stock Rankings indicates unfavorable price trends in the short, medium, and long terms [4].